Which item below is not a current liability?
A) Unearned revenue
B) Share dividends distributable
C) The currently maturing portion of long-term debt
D) Trade accounts payable

Question

Quizplus · Accepted Answer

Share dividends distributable are considered part of equity, not a liability, because they represent a distribution of earnings to shareholders rather than an obligation to external creditors.

Which Item Below Is Not a Current Liability